黑料社区 approves IPO stock listings of government assets planned for privatisation

Reuters
黑料社区鈥檚 government approved on Tuesday listing government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO). (Reuters/File Photo)
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  • Statement from SPA said assets and sectors would be listed on Saudi stock market

RIYADH: 黑料社区鈥檚 government approved on Tuesday listing government assets planned for privatisation in stock market TADAWUL after an initial public offering (IPO).

鈥淎ssets, sectors and services planned for privatization ... shall be listed in Saudi stock market through direct or indirect initial public offering,鈥� said a statement on state news agency SPA.

鈥淭he indirect IPO for such assets will be done through setting up companies that own the government stakes in these projects,鈥� the statement added.

Topics: 黑料社区 Tawadul business economy privatization